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Another US Arrest

The US Federal government has been very active over the past several years in the arrest and prosecution of individuals that have directly defied the UIGEA and US ban on offshore online casino transactions. In the latest arrest, Daniel Tzvetkoff was arrested and faces four major charges against him and his business for disguising transactions between the US facing poker sites and US players. The UIGEA makes the processing of transactions with online casinos illegal within the country. Tzvetkoff took the process one step further though and has proceeded to massively process these transactions and then default on payments to the gambling sites themselves.

Tzvetkoff faces four pretty major charges in the US and he will spend years in prison if found guilty of money laundering, bank fraud, violation of the UIGEA by processing electronic funds, as well as conspiracy to finance an illegal online casino gambling business. Tzvetkoff’s company, Intabill, has worked primarily with the internet poker sites rather than the online casinos and his business processed transactions from as many as 70 companies at the height of the business.

That business seems to have fallen a bit apart in the past year though and Tzvetkoff filed for bankruptcy and was unable/unwilling to pay back funds owed to several of the online casino poker companies. Tzvetkoff is facing a lawsuit right now in Australia, yet for some reason decided to spend some time in the United States. Considering the rampant US action against gambling executives, it’s interesting that Tzvetkoff decided to step foot on US soil.